Google CEO Lawrence Page Unloads 20,833 Shares (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page sold 20,833 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $886.56, for a total value of $18,469,704.48. Following the completion of the sale, the chief executive officer now directly owns 85,000 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Google (NASDAQ:GOOG) in a research note to investors on Friday, September 6th. They now have a $970.00 price target on the stock. Separately, analysts at Pivotal Research set a $870.00 price target on shares of Google (NASDAQ:GOOG) in a research note to investors on Thursday, September 5th. They now have a “hold” rating on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $968.87.
Google (NASDAQ:GOOG) traded up 0.85% on Wednesday, hitting $896.19. 1,610,677 shares of the company’s stock traded hands. Google has a 52 week low of $636.00 and a 52 week high of $928.00. The stock’s 50-day moving average is $878.8 and its 200-day moving average is $856.8. The company has a market cap of $298.4 billion and a P/E ratio of 25.71. Google also was the recipient of some unusual options trading on Monday. Investors purchased 18,742 call options on the company. This represents an increase of approximately 445% compared to the typical daily volume of 3,437 call options.
Google (NASDAQ:GOOG) last announced its earnings results on Thursday, July 18th. The company reported $9.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $10.78 by $1.22. The company had revenue of $14.11 billion for the quarter, compared to the consensus estimate of $14.42 billion. During the same quarter last year, the company posted $10.12 earnings per share. Google’s revenue was up 18.6% compared to the same quarter last year. Analysts expect that Google will post $43.57 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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